12 February 2016
Dear Professionals, Greetings...!!! The status of our company has been changed from public company to private ltd. with necessary approval of Mumbai ROC, now we have certain confusion regarding the intimation of the same to the banks, because we have issued many PDC cheques and we have also going to receive cheques from a large number of clients, and if we intimate and update the bank account name then what will be the consequencies of those Post dated cheques and it is also so difficult to intimate all clients and debtors to issue cheques in the new name. Please guide us regarding this
12 February 2016
carry on the bank account with same name for a period of time and open a new bank account with new name and start intimating the same to clients with the time.
CAclubindia
